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Home My WebLink About0324 3. To plate and continuously keep on the bui'd~ngs now or herrafter ~~tuate on sa~d land and on al~ equ~pment and personatly tevcrcd by this mo~tg- sgO, with all pre~n~ums thereon pa~d in fuil, iirc insurante i~ ~he usual standard po~ity form, in a s~m appro.ed b~ the h10RlV:.vE~, and w~ndslorm insurance in the usual s~andard poLCy (orm, in a eum approved by the MORTGAGEE, in such company or compan~es as ~he A10RTGAGEE may direth and aU fire and w~ndstorm insurance po:~aes on any ol safd build.ngs, any interes~ the~ee.i or part thcreof, in the ayg+<gsre wm aforesa~d or In excess thereof, shall :on~ain ~he usual s~andard mortgagee dause or such oiher c~ause as the Mortgagee may requ~re, making ~hr loss under s.~~d poli- cies, each and every, payable ~o sa~d h1JRTGAGEE as its interest may appear, and each and every svch po::cy ahatl be pron,prly ass gn~d a~~d de~ivered to any held by said h10RfGAGEE as furthar security to said mongage drbt, and, not less than ten (!0) days ~n advance cf fhe expir,~~on of each policy, to de- Gver to said MORTGAGEE a rene~val thereof, toge~hrr with a rece~pt for the premium o4 such ~enewal: and there shall be no i~re o~ wl~~dsto~m i^surance plated on any of sa~d build~~gs, any interest Ihere~n or part thereo(, unlcu i~ the lorm and wifh the los~ payabte as a4oresaid; and in the event any sum of money becomes payabte under such policy or pol:cias said MORTGAGEE shall have the ophon to receive and apply the same on accou~~t oi ~he indabted- ne~s secured hereby cr ro perm~t sa~d MORTGAGORS to receive and use it or any part the:eof fo~ ofr,cr ;;ur. os:•s, .v~tho.t i1~ .v-~.' ~7 c~ i"'P~~r- ing any equ~ly, lien o~ ~~ght under or by virtue of this mo:tgaga; and in the even~ sa~d MORTGAGORS shati Eor any re~son falt to keep ihc sa~d premisrs so insured, o~ fail lo delivcr promptly any of said po~~cies of inwrante t0 said MORTGAGEE, o? fai! p•omp:ly to pay fu~ly any pre~~~~~~n thercfot o~ in any respect fail to perForm, d~scharge, eaecute, efFect, comple~e, comply w~th and abide by th~s covenant, or any pa~t hareof, s.~~d MGRTGAGEE may piace a~~d pay fo~ such inaurance or any part thereof wiihout waiving w affecting any optio~, lien, equ~ty, or r~ghr un.ler a by v~rwe of ih~s hlortgage, and the full amount of each and every s~Ch paymrnt shall be immediately d~e and payable and shaH bear intcrrst from th~ datr thereof u~v~l paid at the rate ol nine per ce~tum per annu~n and tc3ath~~r v.ith such interest sha{i be sewred by the lien of th~s mo~tgage. 0. To permit, commit or sulfer no waste, impairment o~ detrrioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expens~~s, inci~ding a reasonable attoiney's fee and cosK of abstracts of t~tle, incurrzd or pa~d at any ti~x:e by said MORTGAGEE, because or in the event of the fa~iure on the part of the said MORTGAGOR to duly, pro^+Ntly and fu11y p~ilorm, d~scharge. executa, effect, comp:eTe, comply wnh and ab:de by each and every the st~p~:atlo~s, agree~nc~ts, cond~tions, and covenanfs of ia~d ~ro,n:>so~y note a~~d th~s morrgage any or e~the~, and sa:d costs, charqes and e~penses, each and every, shall be immediatefy due and payabtr; wh,•ih~r or not tha~e be no~~ce d~ mand, atte~npt to colled or suit pend~ng; and the full amo~nt of each and every such payment shail ~ar interest from ~he date thereot until pa~d at the rate ot ^:ne per crntum pri a~~~w.,r and a!i said costs, charges and <xpenees incurrcd or paid, together ~v~th sucn infcrcst, sha11 be sxured by the 6en of th~s mortgage. 6. Tha~ (a) in the event of any breach of !hts Mortgage or default on th° part of the h10RTG11GOR, or ;b) ~n the event any af sa:d sums of money herein refe~red to be not p~anprty a~~d fu~ly Pa1d .vith~n th:rty (301 days ~ext a1fer ~he same seve.a'ly become due and payab!e, w:~hout demand or not~ce, or (c) in thz event rach and every the stfp~lanons, a9reements, cond~tions and covenams o! sa.d promissory note and ~h.s mortgage any or e~ther are not ~uly, promptty and tulfy pertonned, d s:harg~=d, executed, eifected, completed, compl~ed w~th and ah~ded Sy, then in e.ther or any scch evem the saad ag- gregate sum menho~~ed in ;a~d promissory nore thzn rema~ning unpa~d, with in~ere,t accrued, and at1 moneys secured hrreby, shall become due and pay _ , _ nf sd:d hSD$IGAGEF as f~il and comp:ete~y as if all of the said sums of n:oney wcre or~g~nelty sripuiated to be pr!d on sucn dc~; any~hing in sa.d prom~ssay note o+ in th~s Morrgage ro the contrary notw~t stan ~_~g: an ereupon or e ~ said MORiGAGEE, w~ihcut nonce or drmand, s~it at taw or in equity, therefore or thereaiter begun, may be prosecuted as if atl moneys secured hereby had matured pr~or to ~is ~nstitu!~on. 7. Tha~ in tFe event that at the beginn+ng of or at any t~~ne pending any su~f upon th~s Mortgaqe, or to foreclose it, or to reform it, or to enfo~ce paymem of any c~e+ms he~eundzr, :aid ~dORTGAGEE shalt apply to the Court having ~unsd.ct;en thereot for the appo~ntment of a Rece~ver, such Covrt shall forthwith appoi~t a~ece~+er of saEd mortgaged prooerty all and sing~lar, indud.ng a11 and singu~ar tiie inco~ne, p~ohts, issues and revenves 1rom whatever seurce derived. each and every of wh:ch, it ~~e~ng expressly undersiood. is hereby mor~gaged as if spec~f~cally set forth and describ~:d ~n the granting and habend~m dauses hereof, ar.d such Rece~ver shaif have all the broad and eff cnve func~ ons a~d pov.~ers in anyw~se emr~sted by a Court to a Recciver, and s~th appoiMment sh~H be made by s~ch Court as an ad:nitred equity and a rr.atter of abso~ure r~gM to said MORTGAGEE, and witheut reference to the adequscy or inad~•q~aty of the value of the property mortqaged or to the so:ver.cy or ;nsoivency of said lflORiGAGOR o~ the de~e~~dan!s, and that such renis, profits, lr.cu~ne, isiues and revenues shail be appi~ed by wch Recr~ver accord:ng to the lien or equity of said MORTGAGEE and the practice of wch Court. 8. To du:y, prompt:y and fully per(o~m, di:charge, execute, effect, complete, compty w~th and abide by each and every the stipuiations, agreements, conditions and co~enants m smd prom;ssory note and this mortgage set forth. 9. That ~n the event ti~e ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the MQRTGAGEE, rts successws and assigns, may, witho~t notice to the MORTGAOR, deal w~ih such successor or wccessor in interest w~th refere~ce to this mortgage and the d_ut hereby secured in the same manner as with Mortgagor without in any way vit:~ting or d~schorging the IAcrtgagors" liability here- under or upon :he dect hereby secured. No sa'e of the Frem~ses hereby ~nortgaged ar.d no forbea~ar~e on the part of tfie 1dORiGAGEE or its successors or assigns and {~o e+c+•~nsion of the t~me for the payment of the deb~ hercby secured g~ven by the 1AORTGAGE'_ or its successors or ass:gns, ahafl operate to re~ease, d:scharge, mod~Ey change or affect the orig~nal tiab~l~ty of the MORTGAGOR herein, either in whole or in part. 10_ It is s;.ec~f~caliy agreed that t~me is oF the essence of this contract and that no waiver of any ob~~gat~on hereunder or of the obligation se- cured hereby sha:. at an~ time thereafier be held to be a wa~ver of the terms hereoi w of the instrument secured herby. I1. In e:;^ ~.c•~ to rhe faege'n~ mo~th!y paym;nts of pri:,c pal and imeresr requ~red by the promisscry no~e sacured hcr~b{, mortga~or covenants and agrers to ~:e, !o rr.ortgagee with each e~omhiy pa~~.•,en~ an add~iional sum est~n~ated 6y mortgagee to be equal fo 1, 12 of the annual cost of the foliow- ing: 'i A-:.!~ rn aS propcrty tax:s lev~- ~ or ass~ssed ag ~~•~st the above descrfbcd reat estate. ~ B- Fr_:r :u on fire and w~~:dstorm ~r.surar.ce as here+n requ;red to bc ca.ried en the lrnproveme~ts s~tuate on the abave~~:scribed premises. I C-Pre~nw >~s o-i su.h morig_ ae g~a.anty ir.;~iar.ce as mortgagee shai~ fro~r. t me to time deem fit to carry on the loan secured he~eby. ~ Mortgagec s^- °-cm rh~:a to ~:~~e nor~fy m.crtyagor m writ~ng of the an:ou~t due and payable hereundar and s~ch wT :ha;! thereupon be due and ~ Fayabte on tFe ciue ciate oi the ncxt month:y payrnent and each success~ve month thereafier ur.tit morigagee shall rotify mortgagor of a change in such amount. S~ch su^~s sF ~:!.e apF:'.~ed 'oy ,mortgag:-e toward the pay~nent of real property taaes, ins~rance prem.ums, and mortgage gua~anty insurante premivms. IN \'JIT^1Eti~ ::NE4~:~f fne sa~d MORTGAGOR has hereunro set his hand ar.d seal the day and year first aforesaid. Sig~nj , Sealed a~~ GJe~ed in the presence or: FILEO ~P~G RECORDE _ ~j ' ~-c-~b'-~lTrn_(.(~f~iL L!_t(~i= UyTI', _ (Seaq r` ~ ~ i - . . ($eal) - ~~.~,.,,.~a~ / •10 ! JJ~ , ~ ~'~_G~ L_~ ~ (Seal) 1.~?t 7 j; . (Seal) . + A~~~ ~ ! . 5 y STATE OF FLORIDA 1 wciB ? ss. ~i~ ` ~ COUNiY OF - S ~ ~ Before me personafly appeared N ~~'~T}~`5 and A le ne W . Lo 11 i s ~ _ ~ ~ ~ C7 , ;.~J~CTr~ _ his wife, to me well known and known to me to be the individ~als descr~bed in and who executed the foreg~~ng instrument, and acknowledged before me that they executed the same fo~ the purposes therein expressed. And the :a~a_ Alene {A~ L~1115 wife of the sa;d FI@(~ H. 1.01115 , upon a separate and private examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- ~ rar~ly and w~ehout any compu:sion, constraini, apprehens~on, r fear of or from her said husband. WITNESS my hand and olfic~al seal thrs_ day of Janua A. D. 19 7O t.c~ ~ ~ -T~-~ A Notary Public in and for the State of florida et Carge My Commission expires: Retum To: , NOjARY PUBUC~ STATE OF FIORIDII AT UR6E fir:t Federal Sav~~gs S loan Assoc~aror+ - 4T1/ C7MMlSStON EXPIRES SEPT. 23. 1973 Of Fort P.e•ce. ' ' •;.fOf~QED TNRU FRED W. pIESTELHORSA Fort Pi~_rcc. Norida • ;3 ' ~ . ' ' - This Instrument Prepared By Wm. E. Braun • ~ First Federal Savings & Loan Association . - ~ of Fort Pierce ~ Florida ~ Checked By ~ ~ ~ aooK ~2 322 ~ ~ - ~ ~ ~ - _ - ` ~ ~ ti . ~3 _ . _ - _ _